23% more in loans in Manatee

Published: Wednesday, April 24, 2013 at 1:00 a.m.

Last Modified: Tuesday, April 23, 2013 at 8:48 p.m.

MANATEE COUNTY - The dollar value of mortgages issued by the biggest banks in this county during March was up 23 percent over February.

That was mainly thanks to a $30.5 million loan that PNC Bank provided to The Residences at River Club LLC, a subsidiary of Newton, Mass.-based Forest Properties Management.

The loan also helped vault PNC to the top position among Manatee lenders, records show.

In all, Manatee banks issued 522 loans totaling $152.8 million last month. That compared with 516 loans totaling $124.3 million during February.

Last month, in Sarasota County, lending by the largest banks remained fairly stable in March, with only a decline of one loan from February. The top 10 lenders in Sarasota County issued 685 mortgages worth $152.7 million, a 30 percent drop from the prior month.

In Manatee, PNC made 27 loans valued at $34.8 million in March. Second was Regions Bank, with 28 loans valued at $27.4 million. Wells Fargo was third, with 117 loans valued at $23.7 million.

<p><em>MANATEE COUNTY</em> - The dollar value of mortgages issued by the biggest banks in this county during March was up 23 percent over February.</p><p>That was mainly thanks to a $30.5 million loan that PNC Bank provided to The Residences at River Club LLC, a subsidiary of Newton, Mass.-based Forest Properties Management.</p><p>The loan also helped vault PNC to the top position among Manatee lenders, records show.</p><p>In all, Manatee banks issued 522 loans totaling $152.8 million last month. That compared with 516 loans totaling $124.3 million during February.</p><p>Last month, in Sarasota County, lending by the largest banks remained fairly stable in March, with only a decline of one loan from February. The top 10 lenders in Sarasota County issued 685 mortgages worth $152.7 million, a 30 percent drop from the prior month.</p><p>In Manatee, PNC made 27 loans valued at $34.8 million in March. Second was Regions Bank, with 28 loans valued at $27.4 million. Wells Fargo was third, with 117 loans valued at $23.7 million.</p><p>Rounding out the list were Bank of America (60 loans, $13.8 million), Quicken Loans (66, $12.8 million), JPMorgan Chase (82, $12 million), SunTrust Bank (59, $10.6 million), BB&T (46, $7.75 million), Hancock Bank (seven, $5.6 million) and CitiBank (30, $4.4 million).</p>